Siddharth Dalal

Tech, carmakers, alternative energy, dividend investing
Siddharth Dalal
Tech, carmakers, alternative energy, dividend investing
Contributor since: 2007
@real gold - sun and wind are not the only renewables. Here is a list of places with 100% renewable energy:
http://bit.ly/1Kxs9bY
@Johan - both UPS and Fedex are trialing these out. BYD is already making electric buses.
Then Solar Panels should be a no brainer.
7iron10 - How about the person making the statement provide some evidence. My Leaf had zero degradation in 3 years when I returned it after the lease ended to get its replacement. There are a lot of specifications available for anyone willing to google on the life cycle of automotive grade batteries. And there is a lot of available research on the life of a Tesla battery (which is warranted for 8 years and unlimited miles). A car uses more energy when the heat is on full blast should be obvious to anyone. And in cold weather you can heat your EV remotely while it is plugged in to get more range if you wish without polluting the space the car is standing in with fumes. Guess what one of the biggest market for Tesla's is - Norway - not exactly a picture of warmth.
@Teach Lorcain - I'm in the same position. We have a Leaf and an SUV.
"You're lucky you live somewhere you can get a quote on solar let alone have it installed" - I would like to know where you live that you cannot even get a quote to install solar.
"Don't forget that the batteries degrade with time. What was once a 200 mile charge is now 180 at the 5 year mark. What, its cold? Now only 150."
Says the person with zero experience owning an ev.
@mango man almost every multi car family can have an ev as all but one of their cars. I pass by a lot of has stations everyday. $1.65/gallon. My solar power beats the cost by a mile. Home charging beats the gas station any day.
You don't know what youre missing until you have an ev. Driving my gas car feels so old fashioned and last century.
@RUWC - "He went on to say that if the car companies can produce a car with 450 mile range, charge it in 30 minutes max and let the car be the size of a medium SUV the public would flock to buy the product."
The problem with this statement is that people are generally not used to change. I drive an EV and I have a full charge every morning. The need for a very large range for gas cars is because you need to go somewhere to fill them up. EVs on the other hand in everyday life are always full every morning. But until you drive one you never know that but as EV adoption grows people will come to understand this. Maybe the initial adoption will take a large battery but as people get used to the concept, smaller batteries will become acceptable.
"Nor will renewable energy become as widespread as we all would like."
I have solar panels and that is one investment with nearly guaranteed returns. I've written four articles in a series about renewables in global and US power production. Almost all new power in the US in 2015 came from renewables and more than 50% in the rest of the world. We are moving to renewables as fast as we can with or without storage.
There is a lot of research that shows distributed generation is stable even without storage. Also renewable energy is getting so cheap that building overapacity and wasting excess energy is still better than fossil fuels (for example the free nighttime wind power in TX).
And renewable doesnt mean only solar + wind. It means solar + wind + hydro + geothermal + waste gas etc. etc.
"Lastly when you make comparisons about operating costs of cars and use gasoline pump costs keep in mind that they include hefty taxes, both state and federal. Should EV become more widespread some mechanism to get equivalent tax dollars will need to be imposed."
Let's assume that all cars in the future get charged an equivalent road tax. But in this same future you can also assume that oil will be heavily taxed for the environmental effects, either by carbon taxing or by something like Obama proposed with the 10$ fee/barrel. Or you'll pay a pollution tax like in London. EVs are going to be exempt from this stuff.
If you assume average US grid it is more coal than gas with gas catching up. However, new energy is mostly renewables. See here:
http://seekingalpha.co...
@Eric - thanks! I wish I had dome some of the research a year ago. I hope you drive an EV ;)!
".............sssshhhh... - Ok I'll keep it a secret. But I can't erase the article above which tries to analyze using the natural gas used at refineries to produce electricity to power EVs :)
"Porsche has already shown a working prototype" - In whose dreams?
Woohoo, Anton has competition, not Tesla ! :) with a car that may or may not arrive in 2020 and car that is a prototype that the company says they will not make.
Yeah I agree, top 25 should be standard.
"LOL. Oil will be around for a long time. Wishful thinking isn't going to help."
Coal will be around for a long time too. Good luck investing in it.
As some familiar enough with electrical systems enough to wire my basement, I still got an electrician to do my outlet and guess what it cost me. Two hours of electrician time + materials aka couple of hundred bucks. Was just not worth my time doing it.
The only people complaining about the cost seem to be people who are resistant to the idea of an EV and would rather live in ignorance than see the truth. Like the people who still claim that solar panels do not pay back over their lifetime because they once were told by the friend of friend many years ago about XYZ.
" If the prices don't stabilize at $25, we will drop further, may down to as low as $10."
@chipdoctor - Wouldn't that be great. It would immediately wipe out all the upstream MLPs and end the surplus. Energy companies would need to fight for survival and maybe will diversify from oil. Basically this feels like the Saudis preparing for the end of the oil era.
And lets not forget oil's cousin natural gas. Any upward pressure on NG from the dire straits of energy companies would make renewables more competitive than they already are. So all in all upward movement in oil is bad for oil. Downward movement in oil is bad for oil. Upward movement in NG = more renewables = bad for energy companies, Downward movement in NG = bad for energy companies from lack of profits.
This is all good. I would like to see renewables thrive in low energy price environments to finally sound the death knell for oil.
"But that's really hard to tell because the fund's website only lists the top-10 holdings. "
Apparently you missed the big button that says "Download All Holdings" right next to the "Top 10 Holdings" title.
% of Net Assets Name
10.94 BROOKFIELD RENEWABLE ENRG
10.64 NEXTERA ENERGY PARTNERS L
8.82 NORTHLAND POWER INC
7.79 ABENGOA YIELD PLC
7.71 NRG YIELD INC-CL A
5.94 8POINT3 ENERGY PARTNERS L
5.11 TERRAFORM POWER INC - A
4.88 PATTERN ENERGY GROUP INC
4.46 INNERGEX RENEWABLE ENERGY
4.37 RENEWABLES INFRA GR
4.27 TRANSALTA RENEWABLES INC
3.95 GREENCOAT UK WIND PLC
3.95 TERRAFORM GLOBAL INC - CL
3.81 SAETA YIELD SA
3.58 HANNON ARMSTRONG SUSTAINA
2.15 BLUEFIELD SOLAR INCOME FU
2.06 FORESIGHT SOLAR FUND LTD
1.98 NEXTENERGY SOLAR FUND LTD
1.75 CAPSTONE INFRASTRUCTURE C
1.63 JOHN LAING ENVIRONMENTAL
0.15 CASH
Or you could go to the most popular website on funds on the planet - morningstar and see them:
http://bit.ly/1nDGDN9
Google now worth more than Apple.
@Illuminati - Moderators deleted my comment the last time I called him a spammer. I've reported the above comment as spam. I hope other people do too. This kind of rubbish is not useful to anyone. I hope the moderators delete all his comments.
"I am up 5,000% in past 23 months as documented on this SA forum....
1 Feb, 11:37 AM
I am up these past 21 months 1,450% (not typo) all documented on SA forum..
Jan 20, 2016. 03:24 PM
I am up 4,500% (not a misprint) in past 21 months....
Jan 20, 2016. 02:18 PM"
So a few days ago in a period of 1 hour you went from up 4500% to up 1450%! And now you are up 5000%? Really you expect us to believe these made up numbers?
"To be fair, you should consider what happens if gas continues its decline. " - I would like that to happen. I'm wondering how long it will take for solar stocks/Tesla to decouple from oil prices once and for all. Since oil is not particularly a source of electricity. Even if the cost of oil goes to 0, distribution and taxes on oil will still make EVs competitive/cheaper to operate. And as volume grows, EV prices will drop and be competitive with their gas counterparts. Once you go EV, gas cars just suck.
If current gas pricing still reflects equal upside/downside risk, it is beneficial to us anyway. It will wipe out dirty oil production for the foreseeable future.
"adding a 240 volt plug isn't cheap" - Maybe you need to call an electrician and price it out. 240V costs no more than 120V. I got both put when I called the electrician for mine and the difference was the cost of some wire and an outlet.
Just that most auto companies suck and require you to buy something like this - http://bit.ly/1NMEvaZ - instead of just giving you a nice cable with the car that can plug into 120 or 240.
Not that I always agree with Anton or that I agree with the whole premise of the 9500 car but this part of your article needs some thinking:
"Another item to look at is the gasoline savings figure. His number is based on a $3 average price for gasoline, and right now the US average is 40% less than that, under $1.80. While it wouldn't surprise me if gas prices go back up by the time we get the actual Model 3 to consumers (which seems at least 18 months away), most states may still have gas well below $3.00 a gallon."
You need to look at average gas prices over the life of the car, not prices when you buy the car. So $3 is more likely to be closer to the average than the current depressed price of gas.
"~900 billion cu ft of natural gas (thats equivalent to 900 billion kWh of power in a gas power plant) = 300 billion miles in an EV!
47 billion kWn of electricity (thats equal to 15 billion miles traveled in an EV)
16,000 short tons of coal = 32 million pounds of coal = 32 million kWh in a coal plant = 10 million miles in an EV.
Total miles driven in the US = 3T. So just the refining of petroleum would cover > 10% of US driving in an EV. That is what you are missing."
Oops mistakes
900 billion kWh = 2.7T miles
47 billion kWh = another 150B miles
So energy used for refining, if used to produce power, will power >90% of our driving, not 10%. Here's to being crazy!
"Your statement is still bordering on crazy." Yes facts are crazy. Deal with it.
"The amount of money power companies spend maintaining their infrastructure is insane." - Yet my EV is cheaper to fuel than a gas car. I dont see the point of your rant.
"Gasoline is cheap and easy to refine compared to the behemoth that is the power grid."
Yet my EV is cheaper to run. Apparently facts and logic be damned. You believe what you believe. Any facts that dosnt agree with your absurd logic of only counting ineffiencies on one side of the equation are crazy. Well I'm out of here. You cannot fix beliefs with truth.
"Where does the natural gas come from? Is it explored, drilled for, extracted and distributed across the entire country? Or does it just magically appear at the energy company's turbine? The costs to locate the natural gas, get it out of the ground and transport it to the turbine is enormous, and similar to the costs of getting gasoline to the pump."
You miss that the whole process happens twice for gasoline. First to the refinery. Then refining is very intensive energy wise. I'm not the one missing anything. Here is how much energy is used by refineries:
http://tinyurl.com/h92...
~900 billion cu ft of natural gas (thats equivalent to 900 billion kWh of power in a gas power plant) = 300 billion miles in an EV!
47 billion kWn of electricity (thats equal to 15 billion miles traveled in an EV)
16,000 short tons of coal = 32 million pounds of coal = 32 million kWh in a coal plant = 10 million miles in an EV.
Total miles driven in the US = 3T. So just the refining of petroleum would cover > 10% of US driving in an EV. That is what you are missing.
"I may be wrong, but I think we had remote-opening garage doors long before we had remote-starting cars."
What about garage fume extractors? Since opening the door remotely was the (IMHO ridiculous) solution to not breathing fumes.
@Holiday - the only comments jvs has on SA are about this specific car. I think he's trying to promote his dealership. Maybe he would be better served posting on some place like the teslamotorclub forum instead of SA.
"His point is gasoline costs whatever you pay at the pump!" - And electricity costs what you pay the utility. I cant be bothered to read the rest of your comment when you start with that nonsense. The TCO of my Leaf is less then that of a Versa. Google it.
"Siddharth, After reading your aforementioned statements I laughed so hard my stomach hurt. "
Let me make it hurt even more. I got $ ~$1280 on my investment of 12,000 last year - http://tinyurl.com/hzw...
I don't believe, I know & I do. You believe, since you neither know nor do.
@A. Raymond - you mean you disagree with the authors fantasy world where gasoline comes from the gas pump. All I'm saying is he needs to be fair. If gasoline comes from the pump and the rest can be ignored, then it should be ignored for electricity too.
Notice how he keeps stating that we can ignore everything from gasoline. And he repeats it hoping that repetition will make it true.